Samsung ups the Internet of Things ante by snapping up SmartThings

Samsung moves on the fast-growing start up

By Chris Smith 

Samsung has once again signaled its intentions to be a big player in the burgeoning Internet of Things market by agreeing on a deal to acquire one of the sector’s hottest start ups.

Following reports it had tabled a $200 million offer (about £116m, AU$213m) last month, Samsung confirmed it has bought the Washington DC-based SmartThings for an undisclosed fee.

Full article at: http://www.techradar.com/news/internet/samsung-ups-the-internet-of-things-ante-with-smartthings-acquisition-1261602